DAILY COMMODITY MARKET STRATEGY-25 June 2014

BASE METAL WRAP: Nickel fell to a one-week low in London as rising stockpiles signaled ample supplies. Inventories monitored by the London Metal Exchange rose 0.3 percent to 305,388 metric tons, within 0.2 percent of an all-time high reached last week.

ENERGY WRAP:
West Texas Intermediate crude gained for the first time in three days after the Wall Street Journal said the Obama administration is clearing the way for some exports of ultra-light U.S. oil.

PRECIOUS METAL WRAP:
Gold declined as investors weighed the outlook for the U.S. economy against speculation that a rally to the highest level in two months may spur sales.

GLOBAL EVENTS TO WATCH: Core Durable Goods Orders m/m, Final GDP q/q, Durable Goods Orders m/m, Final GDP Price Index q/q, Flash Services PMI, Crude Oil Inventories.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (JULY) OVERVIEW:
TREND CONSOLIDATE
SUP1:2788
SUP2:2760
RESIST1:2876
RESIST2:2935
TRADING STRATEGY: BUY ON DIPS
CS COPPER (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:415
SUP2:412
RESIST1:421
RESIST2:423
TRADING STRATEGY: BUY ON DIPS
CS JEERA (JULY) OVERVIEW:
TREND BULLISH
SUP1:11225
SUP2:11150
RESIST1:11650
RESIST2:11750
TRADING STRATEGY: BUY ON DIPS
CS CRUDE (JULY) OVERVIEW:
TREND CONSOLIDATE
SUP1:6420
SUP2:6370
RESIST1:6500
RESIST2:6550
TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JULY) OVERVIEW:
TREND BULLISH
SUP1:6510
SUP2:6470
RESIST1:6710
RESIST2:6870
TRADING STRATEGY: BUY ON DIPS
CS GOLD (AUG) OVERVIEW:
TREND CONSOLIDATE
SUP1:27400
SUP2:27100
RESIST1:27900
RESIST2:28300
TRADING STRATEGY: BUY ON DIPS
CS SOYABEAN (JULY) OVERVIEW:
TREND BEARISH
SUP1:3890
SUP2:3845
RESIST1:4020
RESIST2:4050
TRADING STRATEGY: SELL ON RISE
CS SILVER (JULY) OVERVIEW:
TREND CONSOLIDATE
SUP1:43840
SUP2:43000
RESIST1:45000
RESIST2:45700
TRADING STRATEGY: BUY ON DIPS

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